3 ms·
Price is going to go down some more too. As the economy slowly but surely enters recession, and low net worth HOLDers sell their BTC to pay rent, the price will
by mikhael28 4y ago
Price is going to go down some more too. As the economy slowly but surely enters recession, and low net worth HOLDers sell their BTC to pay rent, the price will continue to go down. This system only works if people pump money into the system, not out of it.
- sec400 4y agoThose sure are a lot of predictions stated as fact.
- NicoJuicy 4y agoIt's already a ~ bank run. Not sure what could reverse that trend. Some discussion on eg. https://bitcointalk.org/index.php?topic=5403254.0 https://bitcointalk.org/index.php?topic=5403254.0
- panaffa 4y agoAgreed
- mirntyfirty 4y agoI see very little incentives for the current “coin” holders and future potential “coin” holders to maintain a seemingly high “asset” price on btc. I’m open to a convincing argument otherwise but most of what I’ve observed is hand wavy and requires a religious leap of faith and conversion.
- TrapLord_Rhodo 4y ago> I see very little incentives for the current “coin” holders and future potential “coin” holders to maintain a seemingly high “asset” price on btc. That's like saying people who own Tesla stock have no incentive to keep the stock price high. Of course their is incentive for current holders to want to maintain the high asset price...
- mikhael28 4y agoIt's not an unreasonable scenario. But yes, some 50/50 coin flip assumptions have been made.
- TrapLord_Rhodo 4y agoLast time we had a recession, BTC Skyrocketted because of it. Last time BTC crashed, it rebounded. Last time BTC had a massive retail selloff, the HODLers accumulated big. If you are so confident, why don't you short?